India, June 20 -- Nokia chief Rajeev Suri peers down from his London office at a giant outdoor screen showing this year's Cricket World Cup. The sport he so clearly loves is analogous to his own industry, with its specialists and all-rounders, its complicated rules and susceptibility to external forces. Rain has been interrupting play, making the cricket results harder to predict. Amid some 5G turbulence and a trade war between the US and China, the same uncertainty affects today's market for telecom equipment.
The going has seemed especially rough for the Finnish manufacturer. Reaching a 12-month high of ?5.74 ($6.44) in late January, its share price has since fallen about 22% after a weak set of first-quarter results and signs of 5G trou...